Netlist (OTCMKTS:NLST) Stock Price Up 9.4% – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST)’s share price was up 9.4% during mid-day trading on Thursday . The stock traded as high as $2.80 and last traded at $2.77. Approximately 630,461 shares changed hands during trading, a decline of 64% from the average daily volume of 1,751,318 shares. The stock had previously closed at $2.5310.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NLST shares. Roth Mkm reiterated a “buy” rating and set a $5.00 target price on shares of Netlist in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Netlist from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, Netlist has an average rating of “Strong Buy” and an average price target of $5.00.

Netlist Trading Up 9.0%

The stock has a market capitalization of $921.37 million, a P/E ratio of -137.98 and a beta of 1.40. The stock’s fifty day moving average price is $2.49 and its two-hundred day moving average price is $1.61.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $104.89 million during the quarter, compared to the consensus estimate of $79.00 million. As a group, analysts expect that Netlist, Inc. will post 0.03 earnings per share for the current fiscal year.

Netlist Company Profile

Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.